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HDFC Life Saving and Investment Plans - comparison

HDFC Life Saving and Investment Plans - comparison
April 09, 2019
This is a world of financial inclusion and therefore, every person is on a look out for the best investment opportunities that are available in the market. Every person, as an investor, wishes to have the option for the best investment and with it, the most stable growth that can be had in an optimum manner. This is where the investment plans that are available must be compared for varied benefits so that you can get decent and stable returns on your investment over a period of time. Basically, any investment can be made towards specific fund instruments and these fund instruments may be either equity-based (considered to be high risk investment), debt-based (considered to be low risk investment) or hybrid or a mix of both debt and equity instruments (considered to be low-to-medium risk). Fund allocation is a very important factor that decides the overall viability of an investment portfolio.

HDFC Life offers various saving and investment plans that are aimed for your fund growth and at ensuring that your monetary reserves continue to grow at a stable rate over a period of time. These plans include the following:

  1. HDFC Life Click2InvestULIP “

    A unit linked insurance plan that offers market-linked benefits and eight fund options from which you can choose as per your risk appetite. A ULIP is a market-linked scheme that offers joint platform for insurance coverage and investment benefits. The ULIP comes with a lock-in period of five years and therefore, is ideal for mid-term to long-term financial goal-coverage. There are equity-based fund options, debt-based instruments and hybrid instruments that offer diverse investment allocation against debt and equity instruments. Moreover, HDFC Life ULIP offers you a unique fund-switch option that enables you to choose switch from one fund option to another, depending on your risk-appetite and market-preferences. ULIPs come with extensive tax benefits under Sections 80C and 10(10D) of the income Tax Act, 1961. Thus, ULIPs offer tax benefits together with investment benefits and insurance cover.
  2. HDFC Life Click 2 Wealth “

    This is a highly beneficial investment plan that comes with 8 fund options in “between which, unlimited switches are allowed. Moreover, as an investor, you get to benefit from the possibility of market-related returns and diverse fund options to which the payable premiums are allocated. There are additional features in the form of Return of Waiver option, which entitles the policy holder to ensure that is a complete waiver of the pending premiums in the child-related plan benefits, in the event of the policy holder's demise during the plan term. There is the Golden Years benefit plan which secures your retired life and enables you to remain financially stress-free during your post-retirement years.
  3. HDFC Life Classic One “

    This uniquely beneficial plan is a single-premium unit linked insurance plan that offers the net sum assured benefit of up to ten times the single payable premium and offers this coverage to two individuals in the event of the second death. In addition to this, there are various loyalty additions that are payable in the term of the plan.

For details, click on the mentioned link: https://www.hdfclife.com/savings-plans

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Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

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Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

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We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.